SOLANA - SOL/USD - 1H - Technical analysis published on 10/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 153.47 USD
My targets
144.57 USD (-4.47%)
141.94 USD (-6.21%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SOLANA - SOL/USD as long as the price remains well below 153.47 USD. The sellers' bearish objective is set at 144.57 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 141.94 USD. In case of crossing, the next objective would be the support located at 136.79 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.2
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This analysis was given by OzO. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOLANA - SOL/USD price is 151.34 USD. The price registered a decrease of -1.87% on the session and was traded between 150.79 USD and 155.63 USD over the period. The price is currently at +0.36% from its lowest and -2.76% from its highest.150.79
155.63
151.34
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SOLANA - SOL/USD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 141.94 | 144.57 | 150.46 | 151.34 | 153.47 | 156.12 | 158.52 |
| Change (%) | -6.21% | -4.47% | -0.58% | - | +1.41% | +3.16% | +4.74% |
| Change | -9.40 | -6.77 | -0.88 | - | +2.13 | +4.78 | +7.18 |
| Level | Intermediate | Major | Intermediate | - | Minor | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 146.83 | 149.92 | 152.08 | 155.17 | 157.33 | 160.42 | 162.58 |
| Camarilla | 152.79 | 153.27 | 153.75 | 154.23 | 154.71 | 155.19 | 155.67 |
| Woodie | 146.36 | 149.69 | 151.61 | 154.94 | 156.86 | 160.19 | 162.11 |
| Fibonacci | 149.92 | 151.93 | 153.17 | 155.17 | 157.18 | 158.42 | 160.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 120.12 | 127.73 | 137.04 | 144.65 | 153.96 | 161.57 | 170.88 |
| Camarilla | 141.71 | 143.26 | 144.81 | 146.36 | 147.91 | 149.46 | 151.01 |
| Woodie | 120.98 | 128.16 | 137.90 | 145.08 | 154.82 | 162.00 | 171.74 |
| Fibonacci | 127.73 | 134.19 | 138.18 | 144.65 | 151.11 | 155.10 | 161.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 87.06 | 103.82 | 128.21 | 144.97 | 169.36 | 186.12 | 210.51 |
| Camarilla | 141.27 | 145.05 | 148.82 | 152.59 | 156.36 | 160.13 | 163.91 |
| Woodie | 90.87 | 105.73 | 132.02 | 146.88 | 173.17 | 188.03 | 214.32 |
| Fibonacci | 103.82 | 119.54 | 129.25 | 144.97 | 160.69 | 170.40 | 186.12 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.36 | |
| MACD (12,26,9): | -0.7000 | |
| Directional Movement: | -6.62 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 152.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 153.19 | |
| Elder Ray (13): | -0.89 | |
| Super Trend (3,10): | 155.46 | |
| Zig ZAG (10): | 151.82 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 20.86 | |
| TEMA (21): | 151.59 | |
| Williams %R (14): | -83.68 | |
| Chande Momentum Oscillator (20): | -2.99 | |
| Repulse (5,40,3): | -0.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 3.18 |
| MA7: | 151.10 | |
| MA20: | 147.28 | |
| MA50: | 141.65 | |
| MA100: | 148.70 | |
| MAexp7: | 152.12 | |
| MAexp20: | 152.98 | |
| MAexp50: | 153.51 | |
| MAexp100: | 152.54 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | +2.76% | |
| Price / MA50: | +6.84% | |
| Price / MA100: | +1.78% | |
| Price / MAexp7: | -0.51% | |
| Price / MAexp20: | -1.07% | |
| Price / MAexp50: | -1.41% | |
| Price / MAexp100: | -0.79% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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